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PHD entered 2024 in a precarious position. After winning ADWEEK’s Global Media Agency of the Year title in 2024, 37% of its client base went into review, putting $4 billion in billings on the line.
Unfortunate timing meant multiple clients—Volkswagen Group, HP, Unilever, Sainsbury’s, Singapore Airlines, and Vitasoy—kicked off overlapping reviews, creating a cumulative effect that put PHD on defense for much of the year.
“It’s a level of jeopardy that you don’t normally experience in your career,” said Guy Marks, global CEO of PHD Worldwide. “The scale of it was just unprecedented.”
But by the end of 2024, PHD had retained 85% of business in play and topped COMvergence’s new business rankings for the year.